Justin Caldbeck

Managing Partner, DGV · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

investorfounderLinkedIn ↗

He was previously a partner at Bain Capital Ventures and Managing Director at Lightspeed Venture Partners before co-founding Binary Capital in 2014. In 2017, he resigned from Binary Capital following multiple sexual harassment allegations from female startup founders.

10statements → 2claims → 0claims resolved → 4.2/5average certainty → 2.5/5average debate potential → 4.5/5argument clarity · the sources → 1said about them ↓

2 not checkable as stated how the 2 claims stand · each chip opens the sources

1 prediction · 1 assertion · 3 opinions · 3 insights · 2 disclosures · every statement was checked. The prediction and assertion are the 2 claims: statements the public record can support or contradict. 0 are resolved, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Justin argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Argument clarity: do they answer the question? how? →

4.5 / 5 directness 5 · coherence 4.8 · precision 4.2 · compression 4

answered every one of 24 assessed questions directly

This is a score against a rubric. It is not a rank. Every host question → answer exchange is scored with names hidden on directness, coherence, precision and compression, 1–5 each, on meaning alone: disfluencies are ignored, and only raw unedited episodes count. This is the score that measures thought. Every scored exchange, scores shown → · The rubric and its checks →

How they sound: speaking style how? →

229 words/min while actually speaking · 21 um and uh per 1k words

Measured by listening to the audio itself: 4,279 words across 1 episode of raw-level tape, transcribed verbatim with every um and uh kept, each one attributed only where the alignment onto our timed stream is unambiguous. These are measurements of speaking style. We do not rank them: across this corpus, fluency and argument quality are nearly uncorrelated (ρ≈0.2), and smooth talking does not signal clear thinking. How it's measured →

Everything Justin Caldbeck said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Not checkable as stated
Caldbeck: Binary Capital has not lost a competitive deal yet
“We actually haven't had a problem losing a competitive deal at this stage.”
Justin Caldbeck Nov 7, 2016 ▶ 8:57 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Opinion
Caldbeck: Excess VC capital creates unnatural competition and irrational spending
“And too much funding for companies where the core business doesn't make sense, and so it really breeds unnatural competition, irrational behavior on the part of companies in terms of spend, and so you really do have to, I think, be a lot more thoughtful around…”
Justin Caldbeck Nov 7, 2016 ▶ 22:35 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Opinion
Caldbeck: VCs hypocritically demand founder focus while remaining unfocused generalists
“A lot of VCs talk to entrepreneurs about focus, and yet do everything from seed, series A, growth, consumer, infrastructure, clean tech, maybe some international”
Justin Caldbeck Nov 7, 2016 ▶ 5:01 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Insight
Caldbeck: Dedicated sector focus yields vastly superior VC pattern recognition
“If you're spending a hundred percent of your time looking at certain types of consumer companies, you can't help but pattern match in a better way than if you're spending 20% of your time on SAS and 15% of your time being a second partner on someone's, you kno…”
Justin Caldbeck Nov 7, 2016 ▶ 6:07 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Prediction Not checkable as stated
Caldbeck: More entrepreneurs will attempt moneyless barter economy platforms
“I think you're going to see more and more folks really go after this vision, because it really is a massive, truly ubiquitous vision. It just hasn't been implemented in the right way so far.”
Justin Caldbeck Nov 7, 2016 ▶ 14:12 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Insight
Caldbeck: Local delivery on-demand models have inherently flawed unit economics
“And the challenge is when you add an infrastructure of local delivery people, the unit economics can get very, very challenging. And so you end up either in a situation where you have to charge a significant premium to what the goods normally cost, in which ca…”
Justin Caldbeck Nov 7, 2016 ▶ 15:08 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Insight
Caldbeck: Most VCs fail to help with recruiting because it requires work
“Every VC can add a lot of value in terms of team building and recruiting, and most don't because it requires work.”
Justin Caldbeck Nov 7, 2016 ▶ 21:06 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Disclosure
Caldbeck: Passing on Uber at 10 employees was my biggest miss
“My biggest miss far and away was Uber. Far and away. I mean, I met Ryan when the company was 10 people, and I just, I didn't get how people could afford to be paying 50 dollars for rides that were, you know, eight, 10 blocks, and at that point, there was no no…”
Justin Caldbeck Nov 7, 2016 ▶ 21:42 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Opinion
Caldbeck: Chris Sacca is far and away the best seed investor
“Having worked with a lot of seed investors, I think he is far and away the best that I've worked alongside.”
Justin Caldbeck Nov 7, 2016 ▶ 19:22 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy
Disclosure
Caldbeck: Binary Capital invested in hourly hotel rental app Recharge
“Our most recent public investment is a company called Recharge. Fantastic entrepreneurs that allow you to rent luxury hotels by the minute or by the hour.”
Justin Caldbeck Nov 7, 2016 ▶ 26:29 20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest Problem In VC Today and Why The Future Is A Moneyless Barter Economy

The other half of the tape: Justin Caldbeck's own voice is left out of every number here. Other people bring the name up 1 time in 1 episode on 20VC. every mention, with the transcript →

Who brings them up most Harry Stebbings 1

Every mention by year

tap a year for its mentions
0011112017episodesmentions
0112017episodes it came up in
000.50.5112017episodesmentions per episode

Appearances (1)

EpisodeDateSpeaking time
20VC: Binary's Justin Caldbeck on Specialisation Being Key To Success In VC, The Biggest P Nov 7, 2016 20m
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,200 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.